Replies to post #7837 on Nexteligent Holdings Inc (NXGT)

[©PROPHETABLE]

That's very common, company states any concern to cover their butts just in case. Here is a quote from BIEI's quarterly report (a stock I played from .00s to .06):

As shown in the accompanying financial statements, the Company has no revenues, incurred net losses from operations resulting in an accumulated deficit of $10,588,376, and had negative working capital of ($429,511) at September 30, 2015. These factors raise substantial doubt about the Company's ability to continue as a going concern. The Company is currently seeking additional sources of capital to fund short term operations. The Company, however, is dependent upon its ability to secure equity and/or debt financing and there are no assurances that the Company will be successful; therefore, without sufficient financing it would be unlikely for the Company to continue as a going concern.